The Explorers' Club, № MXL

Operation AXIOM: Between the Wars—Hyperinflation, Part VI
1 September 1924: The Dawes Plan restructured & rationalized Germany's reparations payments, gave massive loans to the Reichsbank (the central bank) to stabilize the economy after hyperinflation & guarantee the new reparations schedule, & ended French & Begian occupation of the Ruhr region; the loans kicked off the "Golden Twenties" (Goldene Zwanziger), five years of prosperity in Germany.

Commentary: Charles G. Dawes, namesake of the committee of the Allied Reparations Commission that devised the Dawes Plan, won the Nobel Peace Prize in 1925, & served as Vice President of the United States under Calvin Coolidge from 1925-1929.

In the Ruhr, local control was returned to the Germans on 3 September 1924, though the last French troops would not be fully withdrawn for almost a year, 25 August 1925.

Lest we forget.